H.R. 5676 · 116th Congress
Retirement Plan Modernization Act
- Stage
- In committee
- Sponsor
- Gregorio Sablan
- Introduced
- 2020-01-24
- Latest action
- 2020-01-24 · Introduced in House
Summary
Retirement Plan Modernization Act
This bill increases from $5,000 to $8,000 the amount of accrued benefits in a private pension plan that may be immediately distributed without the consent of the participant. The bill also requires the increased limit to be adjusted for inflation after 2019.